Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is INTERTEK GP (IKTSY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
INTERTEK GP is a member of our Business Services group, which includes 271 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. INTERTEK GP is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for IKTSY's full-year earnings has moved 3.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that IKTSY has returned about 9.3% since the start of the calendar year. At the same time, Business Services stocks have gained an average of 4.4%. This shows that INTERTEK GP is outperforming its peers so far this year.
One other Business Services stock that has outperformed the sector so far this year is Enpro (NPO). The stock is up 10.9% year-to-date.
Over the past three months, Enpro's consensus EPS estimate for the current year has increased 0.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, INTERTEK GP belongs to the Business - Information Services industry, a group that includes 10 individual stocks and currently sits at #51 in the Zacks Industry Rank. On average, stocks in this group have lost 4.5% this year, meaning that IKTSY is performing better in terms of year-to-date returns.
In contrast, Enpro falls under the Technology Services industry. Currently, this industry has 130 stocks and is ranked #41. Since the beginning of the year, the industry has moved +6.7%.
Investors interested in the Business Services sector may want to keep a close eye on INTERTEK GP and Enpro as they attempt to continue their solid performance.
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INTERTEK GP (IKTSY): Free Stock Analysis Report Enpro Inc. (NPO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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